Credit/Private Debt
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
The software-focused investor has appointed a new head of the firm’s private credit platform.
The plan also delegated investment authority to its executive director.
The plan added a pair of private equity commitments and another to a credit opportunities fund.
The retirement fund approved five total RFPs as part of private equity and private credit pacing plans in July.
The pension plan recently made two commitments totaling $548.9 million.
Both vehicles exceeded targets to expand the firm’s platform within the U.S. lower middle market.
The investment board’s current consultant will see its contract expire in June.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The plan terminated its incumbent direct lending manager in November.